Hi Law87, you can always talk to a broker, and say you're considering your options to sell. They'll give you an opinion of value for free and it will be closer to fair value than an appraisal (though likely an optimistic value, whereas an appraisal is usually the pessimistic valuation). You're property value has probably increased a lot in the interim, so that's great.

Generally you don't want negative cash flow in your rental assets, because it's tougher to fund the big repairs. Once rates are lower, I'd recommend switching to a longer term mortgage, say 30 years instead of 15, or using the higher value to swap the property into a duplex or triplex with higher cash flow.

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